Correction:If you don't have a Roth yet consider starting a small one to start the 5 year clock. As I understand it , once the Roth is 5 years old you can access all earnings ... even earnings on contributions much later. Throwing that out for a forum fact check to make sure Im right ...
After the Roth is 5 years old, you can withdraw the contributions, but not the growth without there being a penalty. You have to be over 59.5 AND you'd have to have had a Roth for over 5 years to withdraw the earnings without penalty. You might as well start a Roth for each of you while you are at it.
Statistics: Posted by celia — Wed Feb 26, 2025 1:37 am — Replies 19 — Views 1185